Thrivent Financial for Lutherans Grows Stake in Hasbro, Inc. (NASDAQ:HAS)

Thrivent Financial for Lutherans grew its stake in shares of Hasbro, Inc. (NASDAQ:HAS) by 9.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 55,983 shares of the company’s stock after acquiring an additional 4,617 shares during the period. Thrivent Financial for Lutherans’ holdings in Hasbro were worth $4,049,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HAS. Russell Investments Group Ltd. boosted its holdings in Hasbro by 43.0% in the 1st quarter. Russell Investments Group Ltd. now owns 27,546 shares of the company’s stock worth $1,557,000 after buying an additional 8,280 shares during the period. BOKF NA lifted its holdings in shares of Hasbro by 25.5% in the first quarter. BOKF NA now owns 10,753 shares of the company’s stock worth $605,000 after buying an additional 2,182 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Hasbro by 2.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 181,123 shares of the company’s stock worth $10,238,000 after acquiring an additional 3,656 shares during the period. Bayesian Capital Management LP lifted its stake in Hasbro by 333.9% in the 1st quarter. Bayesian Capital Management LP now owns 40,700 shares of the company’s stock worth $2,300,000 after purchasing an additional 31,320 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in shares of Hasbro by 1.4% during the 1st quarter. California State Teachers Retirement System now owns 227,068 shares of the company’s stock valued at $12,834,000 after purchasing an additional 3,055 shares in the last quarter. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Hasbro Price Performance

Shares of Hasbro stock opened at $62.52 on Monday. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.47 and a quick ratio of 1.29. Hasbro, Inc. has a one year low of $44.85 and a one year high of $73.46. The business’s 50 day simple moving average is $68.43 and its two-hundred day simple moving average is $64.34. The stock has a market capitalization of $8.72 billion, a P/E ratio of -13.47, a price-to-earnings-growth ratio of 0.57 and a beta of 0.63.

Hasbro (NASDAQ:HAS) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.28 by $0.45. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.30 billion. Hasbro had a negative net margin of 14.83% and a positive return on equity of 47.91%. The firm’s revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.64 EPS. Analysts forecast that Hasbro, Inc. will post 3.93 EPS for the current year.

Hasbro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Wednesday, November 20th will be paid a $0.70 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.80 annualized dividend and a dividend yield of 4.48%. Hasbro’s payout ratio is presently -60.34%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HAS shares. Bank of America lifted their target price on shares of Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Jefferies Financial Group upped their target price on shares of Hasbro from $75.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. DA Davidson raised their price target on Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Finally, Morgan Stanley raised their price objective on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Hasbro presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.67.

Hasbro Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.